Carolyn Asome reveals the fashion accessory that can make any woman feel fabulous - from the myriad surrealist creations of Karl Lagerfeld at Chanel to Prada's democratic nylon backpack, from the exclusive Hermés Birkin bag to individual vintage gems, the handbag is fashion's most inventive accessory.

No shock, then, that the handbag market today is worth more than a hundred billion dollars. From each season's must-have to five-figure rarities, the handbag symbolizes the inexplicable power of fashion desire. Vogue Essentials: Handbags explores all the greatest hits in a collection that any fashion devotee will covet.